Last Week's Biggest Sales
1. BROOKLYN HEIGHTS $4,059,000 10 Schermerhorn Street GMAP This 2-family, 5,000-sf brick house hit the market in November ’08 with an asking price of $4,495,000. The price was lowered to $4,250,000 in April of last year, according to PropertyShark. Entered into contract on 1/22/09; closed on 2/25/10; deed recorded on 3/3/10. 2. PARK SLOPE $2,950,000…
1. BROOKLYN HEIGHTS $4,059,000
10 Schermerhorn Street GMAP
This 2-family, 5,000-sf brick house hit the market in November ’08 with an asking price of $4,495,000. The price was lowered to $4,250,000 in April of last year, according to PropertyShark. Entered into contract on 1/22/09; closed on 2/25/10; deed recorded on 3/3/10.
2. PARK SLOPE $2,950,000
591 2nd Street GMAP
We fell in love with this perfectly appointed 1-family, 4,660-sf limestone home and made it House of the Day back in September, when it was listed at $3,200,000. Entered into contract on 11/24/09; closed on 2/23/10; deed recorded on 3/4/10.
3. DUMBO $2,940,000
1 Main Street; 12A GMAP
This 2,198-sf loft is located in the Dumbo Clocktower building, below one of the most expensive apartments on the Brooklyn market. According to StreetEasy, this space sold for $2,570,000 in 2006. Entered into contract on 2/5/10; closed on 2/23/10; deed recorded on 3/3/10.
4. CARROLL GARDENS $2,005,000
396 Sackett Street GMAP
This 4-family brownstone was an Open House Pick back in June, when the asking price was $2,375,000. Entered into contract on 8/26/09; closed on 2/18/10; deed recorded on 3/3/10.
5. BROOKLYN HEIGHTS $1,551,000
166 Montague Street; 8A GMAP
Located in the Franklin Trust building, this “3 bedroom, 2.5 bath apartment [has] high ceilings, over-sized windows, Brazilian cherry hardwood floors, individually controlled heating and air-conditioning, Viking designer kitchen appliances and spa-like baths,” according to the listing on StreetEasy. Entered into contract on 6/1/09; closed on 1/8/10; deed recorded on 3/4/10.
Photos from Property Shark.
“unsincerely,
patiently waiting vulture buyer”
Posted by: more4less at March 9, 2010 2:20 PM
I like your new moniker, M4L.
your say-so doesn’t make-it-so.
data, i’ll accept.
prove it, bho.
i challenge you to prove it.
i’ll be waiting for your *evidence*.
“did 4/4 use to sell during the bubbly period?”
Yessir. They flew off the shelf. Hence the sudden need for such threads when the market went south. Hell, the thread woulda been 1 month later.
***Bid half off peak comps***
Wyckoff is v. likely to go above ask.
a HOTD on Wyckoff st asking $1.395 (widget $1.132) from end of January is on contract per corcoran website. We’ll see what final price is but not on market long so I bet closer to asking than widget.
from what I’m monitoring, stuff are selling – especially the decent condition and decent priced ones. and they’re selling pretty quick.
am seeing volume pick up so let see how this plays out.
so far, prices are holding and stuff are selling.
unsincerely,
patiently waiting vulture buyer
Divine Miss M,
This “biggest sales are outliers” meme is illogical, but people keep repeating it. No one has posted data to show that the biggest sales have tracked significantly differently over time than sales of lower priced houses in similar areas. Arguments — bear and bull alike — need to be made from comps. Are you saying that the biggest sales are outliers with reference to comps, or with reference to non-comparable homes of sale at the same time. If the latter, the outlier comment is an irrelevancy. I don’t know what the comps are here, but if, say, a $2 million sale of a home in Carroll Gardens came in at 10% below peak comps, are you saying that would have no bearing on how lower-priced homes would do in the same or surrounding areas?
the only other thread comparable to this thread is the under one million sold thread.
and both threads are showing the same movie.
(i think) i know you are referring to open house six months later, but that is not data on comparables, but rather a possibly/probably random sample of inventory and turnover rates. does not speak to market prices. and certainly not possible to compare to prior periods. did 4/4 use to sell during the bubbly period? data doesn’t exist so it’s (another) empty argument.